Offshore
Article
April 2025
Time is money—in the case of oil production, even a lot of money. Therefore, the migration of automation systems takes place within a narrow time window. When updating the safety systems at Germany's largest oil producer, Harbour Energy, meticulous preparation paid off.
News
May 08, 2025
OTC 2025 day three kicked off with a keynote speaker panel on the ongoing challenges of digital transformation in the offshore sector. Across various digital technologies, a critical keystone must be addressed to provide a suitable digital foundation: quality data and access to it.
News
May 07, 2025
In keeping with the overall themes raised on day one of OTC 2025, Weatherford CEO Girish Saligram discussed some of the major challenges facing the offshore industry as a whole in an executive dialogue panel on Monday.
News
May 07, 2025
Exxon Mobil Corp. plans to invest $1.5 billion in a deepwater oil field in Nigeria as Africa’s top producer looks to boost output, according to the nation’s regulator. The investment, expected within the next two years, will focus on reviving production in the Usan field.
News
May 07, 2025
ABS issued an approval in principle to SBM Offshore for its near zero FPSO concept. The NearZero FPSO design incorporates low carbon technologies that collectively create a “near zero” Scope 3 carbon emissions profile, achieving up to 80% reduction in GHG emissions.
News
May 07, 2025
Due to run for five-years, with a further two one-year extension options, the extension of the existing supply contract means more than 10 UK North Sea assets will continue to benefit from Dräger's industry leading portable gas detection and breathing apparatus systems.
News
May 07, 2025
Although the deepwater sector may be traversing a few rough spots at present, the general outlook over the next few years remains solidly positive. That’s the theme of comments made by Scott Livingston, NOV’s President of Energy Products and Services, during a session on Day 2 of OTC.
News
May 06, 2025
Viridien has sold its Sercel Marlin™ Offshore Logistics management solution to Oil and Natural Gas Corporation (ONGC) to enhance operational efficiency and safety across its Western offshore E&P operations in India.
News
May 06, 2025
In a session titled “Offshore Production and Recovery: The Value of a Holistic Approach,” SLB’s President of Production Systems, Paul Sims, gave his take on key factors affecting the current offshore energy landscape, as well as SLB’s latest strategies and innovations.
News
May 06, 2025
Valaris Limited has agreed to sell its jackup VALARIS 247 to BW Energy for cash proceeds of approximately $108 million. This sale is expected to close in the second half of 2025. The VALARIS 247 is a 27-year-old jackup rig currently operating offshore Australia.
News
May 06, 2025
SLB announced at OTC Day 2 the launch of Electris™ — a portfolio of digitally enabled electric well completions technologies that boost production and recovery while reducing the total cost of ownership of an asset.
News
May 06, 2025
Sentinel Subsea has successfully completed a six-figure project involving deploying two WellSentinel™ Coral systems for a key operator in the North Sea. This project supports a large-scale drilling operation and is a significant milestone in the company’s ongoing efforts to enhance offshore safety and operational efficiency.
News
May 06, 2025
ABS and Akselos S.A. have announced the joint completion of technical assessment for structural digital twin technology. This marks a significant advancement in the application of digital twin technology for FPSO units, enabling more accurate and reliable assessments of structural integrity.
News
May 05, 2025
(WO) – Day one of OTC 2025 kicked off Monday, May 5, in Houston, Texas. Offshore innovations and industry priorities in the current economic and geopolitical climate led much of the discussion on day one, exemplified in a panel on electrification.
News
May 05, 2025
BW Energy has reached final investment decision (FID) for the Maromba development offshore Brazil based on a capex-efficient development with an integrated drilling and wellhead platform (WHP) and a refurbished FPSO.
News
May 05, 2025
STR, a provider of advanced sensor technology, has strengthened its global offering by entering into a partnership with SubC Imaging, an original equipment manufacturer (OEM) of subsea cameras, digital video recorder products and data-as-a-service provider.
News
May 05, 2025
Valaris Limited has been awarded a five-well contract offshore West Africa for drillship VALARIS DS-15. The contract is expected to commence in the third quarter 2026. The total contract value, based on an estimated duration of 250 days, is approximately $135 million, including upfront payments for rig upgrades and mobilization.
News
May 02, 2025
Subsea7 has secured a super-major contract1 with Petrobras for the development of the Búzios 11 field located approximately 180 kilometers off the coast of the state of Rio de Janeiro, Brazil, at 2,000 meters water depth in the pre-salt Santos basin.
News
May 02, 2025
Golar LNG has reached final investment decision (FID) for the 20-year re-deployment charter of the FLNG Hilli Episeyo (FLNG Hilli). The vessel will be chartered to Southern Energy S.A. (SESA), offshore Argentina, to monetize gas from the Vaca Muerta shale formation.
Article
April 2025
Technology is creating opportunities to optimize operations and improve maintenance, to extend the operational window of aging drillships. The American Bureau of Shipping (ABS) knows a thing or two about drillships, having a dominant position in the market of providing classification services to two-thirds of the global fleet.
News
May 02, 2025
Equinor has entered into agreements with Brazilian company PRIO to sell its 60% operated interest in the Peregrino field in Brazil for $3.5 billion USD. Peregrino is a heavy oil field consisting of a FPSO platform supported by three fixed platforms. Equinor has been operating the field since 2009, with around 300 million barrels of oil being produced by the asset since.
